Press Room

August 21, 2013

August 21, 2013

Dexter Freeman Joins People's United Commercial Banking Team as Executive Vice President Mid Corporate
Group

BRIDGEPORT, CT – People’s United Bank announced that Dexter Freeman has joined its Commercial Banking team as
Executive Vice President. Based in Boston, Dexter will lead the bank’s initiative to expand and deepen
current and new relationships with corporate clients with over $500 million in revenues in concert with the
bank’s growth in complementary business and product lines for this segment.

Freeman joins People’s United from Sovereign/Santander Holdings USA where he was most recently Managing Director
of Corporate Banking and played an instrumental role in forming the Large Corporate Lending group. In this
capacity, he was responsible for a $5 billion portfolio of commitments across the US with a team of 15 bankers
extending from Boston to New York City. Freeman led the team in growing the portfolio by over 80% in two
years while expanding customer relationships with loans and leases, deposits, capital market products, global
banking services, foreign exchange, interest rate protection products and a variety of trade services including
supply chain finance. He joined Sovereign in 2002 as a seasoned banker and assumed positions of increasing
responsibility in Specialized Finance and Corporate Banking over the past 11 years.

“Dexter has a long track record of working closely with corporate clients to understand their needs and deliver
a full range of solutions,” said Jeff Tengel, Senior Executive Vice President, People’s United. “He understands
how to assist corporations in maximizing the value of their banking relationship with People’s United by
providing access to the full breadth of products, services and capabilities we offer.”

Prior to his tenure at Sovereign, Freeman built a 23-year career at Fleet Boston Financial and its predecessor
company, BankBoston. He worked in the bank’s Boston, Los Angeles and a variety of international offices,
arranging banking and lending services for middle market, leveraged, and multinational organizations based in the
US and overseas with a focus on the health care and transportation industries. Freeman also participated in
the 1995 start-up of BankBoston Securities, a Section 20 investment banking business and held NASD Series 7 and
63 licenses. He began his career as a loan officer trainee following his graduation from Bowdoin College in
Brunswick, ME.

People's United Bank is a subsidiary of People's United Financial, Inc., a diversified financial services
company with $31 billion in assets. People's United Bank, founded in 1842, is a premier, community-based,
regional bank in the Northeast offering commercial and retail banking, as well as wealth management services
through a network of 418 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and
Maine.